Climate and the environment.
In the transport sector, a swift transition to electromobility is a key prerequisite on the path to climate neutrality. The BMW Group is pursuing a clear goal of reducing carbon emissions holistically and across the entire value chain for its vehicles. As a result, BMW AG clearly and publicly supports the Paris Agreement on climate change and has pledged to do its part in achieving the climate goals under the Paris Agreement. In 2021, we became the first German automotive manufacturer to join the “Business Ambition for 1.5°C” campaign as part of the Science Based Targets initiative (SBTi).
In collaboration with suppliers, we are dedicated to decarbonising our value chain and exclusively using renewable energies. The long-term goal should be to establish national and multinational carbon limits and corresponding trade systems as leading instruments for the decarbonisation of all industries.
The European Union (EU) sees itself as a global trailblazer for the achievement of these climate goals, and the US and Chinse governments have also proposed ambitious climate protection targets.
The BMW Group is a staunch supporter of the superordinate objective of the EU taxonomy, namely to channel financial resources into environmentally sustainable activities. Nevertheless, the EU taxonomy has no holistic approach to corporate sustainability for the automotive industry, but rather focuses solely on carbon emissions during the utilisation phase. This approach does not take into account the question of sustainably in vehicle production. In this context, the circular economy along the entire value chain makes a significant contribution towards achieving the 1.5°C target.
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